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  4. > Oman Insurance Report Q4 2015

Oman Insurance Report Q4 2015

  • September 2015
  • -
  • Business Monitor International
  • -
  • 73 pages

Includes 3 FREE quarterly updates

BMI View: Oman's insurance sector will record single-digit growth across the forecast period Strongmacroeconomic performance as well as a growing expatriate community will help fuel demand, particularlyfor the ever dominant basic compulsory lines such as motor and health Structural issues such as afragmented market and low retention ratios will, however, continue to undermine the sector's upsidepotentialWe anticipate that Oman's insurance sector as a whole will achieve steady single-digit growth, thoughsignificantly below the highs of recent years This will be largely driven by the non-life segment, and inparticular basic lines such as health and motor, which accounts for the majority of total premiums Lookingahead, the market will continue to operate at sub-optimal levels due to ingrained structural impedimentsThese barriers are largely caused by intense price competition in basic lines

Table Of Contents

Oman Insurance Report Q4 2015
BMI Industry View 7
SWOT 10
Insurance 10
Political 12
Economic 13
Operational Risk 14
Industry Forecast 16
Life Premiums Forecast 16
Premiums 17
Table: Gross Life Premiums Written (Oman 2012-2019) 17
Table: Net Life Premiums Written (Oman 2012-2019) 18
Life Claims 19
Table: Life Insurance Claims (Oman 2012-2013) 19
Life Drivers 20
Table: Life Expectancy by Gender (Oman 2012-2019) 21
Table: Demographic Breakdown (Oman 2012-2019) 22
Non-Life Premiums Forecast 22
Non-Life Premiums 23
Table: Gross Non-Life Premiums Written (Oman 2012-2019) 24
Table: Net Non-Life Premiums Written (Oman 2012-2019) 25
Non-Life Claims 25
Table: Non-Life Insurance Claims (Oman 2012-2013) 26
Table: Non-Life Insurance Claims by Line (Oman 2012-2013) 27
Non-Life Sub-Sector Forecast 27
Table: Non-Life % Breakdown (Oman 2012-2019) 29
Motor Vehicle Insurance 29
Table: Motor Vehicle Insurance (Oman 2012-2019) 30
Table: Insurance Key Drivers, Autos (Oman 2012-2019) 31
Transport Insurance 31
Table: Transport Insurance (Oman 2012-2019) 32
Table: Insurance Key Drivers, Freight Tonnage (Oman 2012-2019) 33
Health Insurance 33
Table: Health Insurance (Oman 2012-2019) 34
Table: Insurance Key Drivers, Private Health Expenditure (Oman 2012-2019) 35
Property 35
Table: Property Insurance (Oman 2012-2019) 36
General Liability Insurance 36
Table: General Liability Insurance (Oman 2012-2019) 36
Industry Risk Reward Index 37
MENA Insurance Risk/Reward Index 37
Table: MENA Insurance Risk/Reward Index 38
Market Overview 39
Life Market Overview 39
The Product Offering 39
The Competitive Landscape 40
Non Life Market Overview 41
The Product Offering 41
Table: Oman Non-Life Insurer Market Share, OMR mn (2011-2013) 44
The Competitive Landscape 45
Company Profile 47
American International Group (AIG) 47
AXA 49
Dhofar Insurance 51
Life Insurance Corporation of India 53
MetLife 55
National Life and General Insurance Company 57
Oman United Insurance Company 60
Demographic Forecast 62
Table: Population Headline Indicators (Oman 1990-2025) 63
Table: Key Population Ratios (Oman 1990-2025) 63
Table: Urban/Rural Population and Life Expectancy (Oman 1990-2025) 64
Table: Population By Age Group (Oman 1990-2025) 64
Table: Population By Age Group % (Oman 1990-2025) 65
Methodology 67
Industry Forecast Methodology 67
Risk/Reward Index Methodology 70
Table: Indicators 72
Table: Weighting of Indicators 73

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